There are a couple of ballot measures you need to pay attention to tomorrow. In particular, Prop 100 and Prop 201. I wrote about Prop 100 in August; see “Support Protect Our Homes“. This initiative will prevent the government from imposing a real estate transfer tax on the sale of your Tucson Arizona home. At a time when the real estate market is suffering, new taxes will further depress home sales and place a burden on lower income home sellers in particular.
Prop 201 is called the “Homeowners Bill of Rights”, but is more accurately a proposition which will promote lawsuit abuse. I attended a Southern Arizona Homebuilder’s Association meeting in which we learned the source of this initiative. Prop 201 is nothing more than union extortion. The The AFL-CIO, International Union of Painters and Allied Trades, Sheet Metal Workers International Association and Ironworkers International unions gave $25,000 each on Halloween. (How appropiate–SCARY!) Prop. 201 would give consumer more protections and the right to fivolously sue home builders for construction defects. This initiative, if passed, will place a terrible burden on the already distressed new home market. Real estate industry groups oppose the measure saying it would encourage more lawsuits. The National Association of Realtors recently gave $782,000 to oppose the proposal. For more information on this very bad law, go here.
Vote Yes on 100. Vote no on 201.
Denise McCreary
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